AMITDANGI

AMITDANGI

USD-CAD PAIR HAS BEEN ON STRONG BEARISH TREND SINCE 22-MAY -2020. PAIR HAS NOT GAVE US ANY SIGNAL SINCE THAN SUGGESTING RETRACEMENT TO THE UP SIDE. SO, WE CAN PREDICT THAT PAIR MAY CONTINUE IT'S PREVIOUS BEARISH RUN. ON H-1 CHART PAIR HAS FORMED DESCENDING TRIANGLE, WHICH USUALLY BREAKS TO THE DOWN SIDE. TRADERS SHOULD WAIT FOR BREAK OUT FROM THAT TO THE DOWN SIDE...

AMITDANGI

APPLE STOCK IS TRADING AROUND IT'S ALL TIME HIGH RANGE ABOVE USD 320. AFTER CROSSING PSYCHOLOGICAL MARK OF USD 300 BULLS SEEMS TO HAVE EXHAUSTED. THERE ARE MULTIPLE TECHNICAL INDICATORS SUGGESTS US THAT STOCK MAY GET MAJOR REVERSAL TO THE DOWN SIDE. 1) RSI BEARISH DIVERGENCE ON DAILY CHART. 2) RISING WEDGE PATTERN BROKE TO THE DOWN SIDE YESTERDAY 05-JUNE,2020 (ON...

AMITDANGI

D-MART STOCK HAS MANAGED TO TRADE NEAR IT'S ALL TIME HIGH ON 13-FEBRUARY, 2020 DESPITE COLLAPSE OF 30% IN THE MONTH OF MARCH-2020. STOCK HAS FORMED AND COMPLETED BEARISH BAT FORMATION AT PREVIOUS STRUCTURE HIGH RANGE (INR 2500 TO INR 2560). COMBINING ANALYSIS OF STRUCTURE RESISTANCE AT HIGHER RANGE WITH BEARISH BAT FORMATION, TRADERS CAN LOOK TO SELL STOCK AS PER...

AMITDANGI

USD-CAD HAS BEEN ON STRONG BEARISH TREND AMID STRENGTH IN OIL AND WEAKNESS IN US DOLLAR. PAIR FORMED SYMMETRICAL TRIANGLE ABOVE 1.3480 ON M-15. (1.3480 ACTED AS SUPPORT ON H-1 & LOWER TIME FRAME SINCE BEGINNING OF THE JUNE-2020.) PAIR GAVE US THE FALSE BREAK OUT ABOVE THAT TRIANGLE AND FROM THERE IT REVERSED MANAGED TO BREAK AND CLOSE BELOW 50% RANGE OF SAME...

AMITDANGI

US OIL HAS BROKE AND CLOSE ABOVE RESISTANCE OF MARCH-2020 HIGH AT USD 36.28 MARK. CHART HAS FORMED FLAG PATTERN ABOVE THAT RESISTANCE OF USD 36.28, WHICH SUGGESTS THAT OIL MAY CONTINUE IT'S BULLISH TREND TAKING SUPPORT AT PREVIOUS RESISTANCE MARK AT USD 36.28. TRADERS CAN LOOK TO BUY AT CURRENT LEVELS OF 36.50. BUY ENTRY: 36.50 STOP LOSS: 35.48 TARGET-1: 39.73...

AMITDANGI

AUD-USD PAIR HAS BEEN ON STRONG BULLISH TREND DUE TO BROAD USD WEAKNESS AND ALSO STRENGTH IN OIL. PAIR HAS NOT GOT ANY SIGNIFICANT RESISTANCE SINCE 27 MAY, 2020 IN H-4 CHART. CHART HAS FORMED DOUBLE TOP FORMATION (H-4) NEAR PREVIOUS DAILY RESISTANCE LEVEL. SO WE CAN EXPECT THE PAIR TO RETRACE TO THE DOWN SIDE. WHICH GIVES US COUNTER TREND SELL OPPORTUNITY. SELL...

AMITDANGI

EUR-GBP HAS BEEN ON BULLISH TREND. PAIR IS CURRENTLY TRADING NEAR PREVIOUS STRUCTURE SUPPORT, WHERE CHART FORMED DOUBLE BOTTOM FORMATION ON H-1 CHART. WHICH GIVES US BUY OPPORTUNITY WITH BEST RISK REWARDS. WE CAN LOOK TO BUY AT CURRENT LEVELS WITH THE TARGET OF RE-TEST OF PREVIOUS STRUCTURE HIGH OR EXTENDED TARGETS. BUY ENTRY: 0.8900 STOP LOSS: 0.8855 TARGET-1:...

AMITDANGI

GBP-JPY HAS BEEN ON STRONG BULLISH MOVE SINCE LAST 3 DAYS. PAIR MAY FORM BEARISH BAT FORMATION AT THE TOP OF TODAY'S TRADING RANGE. 137 OF PSYCHOLOGICAL MARK ALSO ALIGNS AT SAME LEVEL WHERE BEARISH BAT FORMATION MAY COMPLETE. SELL ENTRY: 136.98 STOP LOSS: 137.19 TARGET-1: 136.72 TARGET-2: 136.55 THIS IS COUNTER TREND OPPORTUNITY WHICH MAY GET TARGETS AS PER THE...

AMITDANGI

EUR-GBP PAIR IS FORMING POTENTIAL HEAD AND SHOULDERS FORMATION ON H-1 CHART. AGGRESSIVE TRADERS CAN TAKE SHORT TRADE AT MARKET FOR THE TARGET OF 0.8880 MEASURED MOVE AS PER HEAD AND SHOULDERS FORMATION. WHERE AS CONSERVATIVE TRADERS CAN WAIT FOR BREAK OUT OF NECK LINE TO DOWN SIDE BEFORE ENTER SHORT FOR THE SAME 0.8880 TARGET AS PER HEAD AND SHOULDERS FORMATION.

AMITDANGI

BAJAJ FINANCE HAS BEEN ON STRONG TREND. STOCK HAS BEEN TRADING IN A CHANNEL SLOPING DOWNWARDS SINCE APRIL 9TH, 2020. IT HAS REACHED TO UPPER RANGE OF THAT CHANNEL. SO, WE CAN EXPECT THAT STOCK MAY FALL FROM HERE. WE VAN ADD BEARISH CYPHER FORMATION TO CONFIRM OUR BEARISH BIAS ON STOCK. SELL ENTRY: INR 2157 TO 2200 (BEARISH CYPHER BASED ENTRY) STOP LOSS: INR...

AMITDANGI

FORD MTR CO HAS BEEN ON LONG TERM DOWN TREND. STOCK TRADED IN A SYMMETRICAL TRIANGLE FOR ALMOST 2 MONTHS (25-MARCH-2020 TO 20-MAY 2020). STOCK HAD GAVE US FALSE BREAK OUT TO THE DOWN SIDE ON 14-MAY-2020, BUT COULD NOT CLOSE UNDER IT ON DAILY CHART. FINALLY CHART BROKE TO THE UP SIDE THAT SAME SYMMETRICAL TRIANGLE AND MANAGED TO HOLD ABOVE ON (20-MAY-2020)....

AMITDANGI

BAJAJ FINANCE STOCK MAY FORM POTENTIAL HEAD AND SHOULDERS FORMATION ON H-1 CHART. IF OUR PREDICTION IS RIGHT THE CHART HAS FORMED NECK LINE OF THE HEAD AND SHOULDERS PATTERN. AGGRESSIVE TRADERS SHOULD PREDICT AND LOOK FOR ENTER LONG AROUND RIGHT SHOULDER (INR 1865 TO 1845 RANGE). WHERE AS CONSERVATIVE TRADERS SHOULD WAIT FOR CONFIRMATION OF FORMATION TILL IT...

AMITDANGI

INDIABULL HOUSING IS IN BULLISH TREND ON SHORTER TIME FRAME. STOCK HAS BEEN ON AGGRESSIVE RALLIES AFTER BREAKING ABOVE INR 100 LEVEL. CURRENTLY IT IS FORMING COMPLEX PULLBACK ON H-1. WHICH HAS FORMED BULLISH BAT PATTERN ON THE CHART (H-1). BUYERS CAN LOOK FOR LONG OPPORTUNITIES FOLLOWING SHORT TERM BULLISH TREND CONFIRMED WITH BULLISH CHART PATTERN. BUY ENTRY:...

AMITDANGI

EUR-GBP PAIR HAS BROKE 0.8870 LEVEL OF RESISTANCE AFTER TRADING IN CONSOLIDATION FOR ALMOST A MONTH (14-APRIL-2020 TO 15-MAY-2020). PAIR IS IN BULLISH TREND ON LOWER TIME FRAME (H-1) AND CURRENTLY IN COMPLEX PULLBACK FORM. CHART MAY FORM ADVANCED PATTERN (BULLISH BAT FORMATION) AT PREVIOUS STRUCTURE RESISTANCE, WHICH MAY ACT AS SUPPORT SINCE IT HAS BEEN...

AMITDANGI

HERO MOTOCORP STOCK MAY FORM INVERTED HEAD AND SHOULDERS ON H-1 CHART. THE HEAD OF POTENTIAL HEAD AND SHOULDERS PATTERN HAS FORMED AT THE PSYCHOLOGICAL LEVEL OF INR 2000 MARK. PRICE LEVEL OF INR 2000 WAS HELD AS RESISTANCE ON DAILY CHART ON 09 & 13 APRIL 2020, WHICH MAY ACT AS SUPPORT AND CHART MAY COMPLETE REVERSAL FORMATION "HEAD AND SHOULDERS". THIS PATTERN...

AMITDANGI

EUR-USD PAIR IS IN CONSOLIDATION AFTER STRONG BEARISH MOVE SINCE BEGINNING OF MAY-2020. WE CAN PREDICT THAT THE PAIR MIGHT CONTINUE IT'S PREVIOUS BEARISH TREND ON H-1 CHART. SO, WE SHOULD LOOK FOR BEARISH TRADE SETUPS WHICH CAN GIVE US TREND CONTINUATION SELL OPPORTUNITY. WE FOUND TWO REASON CONFIRMING OUR BEARISH BIAS ON THE PAIR ON H-1 CHART 1) DOUBLE TOP...

AMITDANGI

EUR-GBP HAS BEEN TRADING IN A SIDEWAYS CHANNEL SINCE BEGINNING OF APRIL-2020. WHICH GIVES US TRADING OPPORTUNITIES BASED ON ADVANCED HARMONIC PATTERNS. ONE SUCH PATTERN BEARISH GARTLEY HAS FORMED ON H-4 CHART AT THE TOP OF THAT RANGE OF SIDEWAYS CHANNEL, WHICH SUGGESTS US THAT CURRENCY PAIR MAY GO BEARISH FROM CURRENT LEVEL. BEARISH GARTLEY SELL ENTRY:...

AMITDANGI

AUD-USD PAIR HAS BROKE PREVIOUS SUPPORT LEVEL ON H-1 CHART. WHICH SUGGESTS THAT PAIR MAY GO TO THE DOWN SIDE. THERE IS ALSO BEARISH GARTLEY FORMATION FORMED AT THAT SAME LEVEL WHICH ADDS CONFIRMATION TO OUR BEARISH BIAS ON THE PAIR. SELL ENTRY: 0.6449 STOP LOSS: 0.6464 TARGET-1: 0.6423 TARGET-2: 0.6404